Section 338(h)(10) Notice definition
Section 338(h)(10) Notice has the meaning set forth in Section 1(e)(i).
Examples of Section 338(h)(10) Notice in a sentence
If a Section 338(h)(10) Notice is delivered, the Buyer shall also deliver with such notice, the Allocation Schedule (as defined Section 1(e)(ii) below).
In the event that an election is made by the Seller and the Buyer under Section 338(h)(10) of the Code (as provided in Section 7.5(f)), the Buyer shall prepare and furnish to the Seller at the time of delivery of the Section 338(h)(10) Notice a schedule determining the ADSP in a manner consistent with the allocation of the Purchase Price to the Membership Interests and the LP Interests in the Final Allocation and allocating the ADSP among the Assets (the “Initial Section 338(h)(10) Allocation”).